Tag Archive: Wall Street and The Banks

A number of Bitcoin holders are expressing their displeasure over the green light received by Wall Street to enter the Bitcoin market. Their concern is that allowing banks entry into the Bitcoin market is an indirect way of introducing corruption into the system, which they feel could lead to price manipulation in the long run. The Commodity Futures Trading Commission (CFTC) on Friday made public that it was going to grant permission to CME Group

It seems Patrick Byrne of Overstock.com is concerned about an apocalyptic situation arising in America. Byrne the staunch libertarian feels the U.S. economy is riding yet another bubble and wants his employees to be safe if things fall out of place. So the boss of the Overstock website has buried in a secret location USD $10 million in gold, silver and non-perishable foods in the state of Utah for his workers. Also read: The Final

Banks have been odd towards Bitcoin from the get go. At first they all laughed at the currency and now it’s an entirely different story. Legacy banking institutions seem to be very interested in the protocol, and this can be seen throughout mainstream media publications. One Bitcoin company Blockchain.info says they have been approached by over 100 banks about Bitcoin and its underlying technology. Also read: BlockNotary Integrates Factom to Optimize Digital Fingerprint Storage “Anything

The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. Also Read:Are Wall Street and The Banks Trying to Circumvent the Bitcoin Blockchain? In a document submitted by Citi to the British government, Citi